Mobile ventures are the hottest topic in India today, it might get hotter after the acquisition of Instagram by Facebook for $1b. While the mobile internet usage (WAP & App) has been growing well in India the monetization has been a challenge on the mobile.

Lot of things happened in India in the telecom sector – 2G scam, MNP (Mobile Number Portability), rise in smart phone usage, profits of telecom companies shrinking. For details see “Spectrum of troubles in 2011 for telecom industry“. The main table from the article has been captured here.